dcsimg
 

MicroStrategy Announces Historic Quarterly Revenues

  |     |   Bookmark    
By -     Feedback

The company has announced its third quarter 2010 revenues were $114.5 million.

MicroStrategy (MSTR) has announced financial results for the three-month period ended September 30, 2010 (the third quarter of its 2010 fiscal year). As reported in this release on MarketWatch, third quarter 2010 revenues were $114.5 million, the highest quarterly total revenues in Company history, versus $104.0 million for the third quarter of 2009.


"Third quarter 2010 revenues were $114.5 million, the highest quarterly total revenues in Company history, versus $104.0 million for the third quarter of 2009, a 10% increase. Product licenses revenues for the third quarter of 2010 were $32.2 million versus $34.4 million for the third quarter of 2009, a 7% decrease. Product support and other services revenues for MicroStrategy's core business intelligence (BI) business in the third quarter of 2010 were $77.8 million versus $65.7 million for the third quarter of 2009, an 18% increase.

"Operating expenses for the third quarter of 2010 were $77.5 million versus $57.1 million for the third quarter of 2009, a 36% increase. The increase in operating expenses was primarily due to an increase in the Company's worldwide employee headcount and related expenses.

"Net income for the third quarter of 2010 was $7.4 million, or $0.63 per share on a diluted basis, compared to $21.4 million, or $1.73 per share on a diluted basis, for the third quarter of 2009."

Read the Full Story at MarketWatch

This article was originally published on November 2, 2010
 
 
Thanks for your registration, follow us on our social networks to keep up-to-date